Fourteen durable questions about how the build-out resolves — read against the evidence every week.
We organise every hypothesis across four layers of the build-out, from the capital and compute at the base to where it meets the market. The layers are the spine — a reader following one thread, the economics of compute, say, can trace it across every issue. These are the questions we hold open, grouped by layer. Each carries a dated horizon and a countable trigger — not a vibe — and each touches at least two others through shared dependencies, so the set is tracked as one system rather than a list of separate bets.
Current read — as of Signal № 004 (9 Jun 2026). Updated every Tuesday in the Signal.
The money and the silicon: data-centre spend and the cost of compute.
Power, land, the grid, and even space: where AI pushes physical limits.
How fast models advance, and the economics that separate the leaders.
Where AI lands: enterprise adoption, consumer integration, and a new wave of lean software.
Fourteen hypotheses are active across the four layers; the set runs to H15, with H13 never activated. Resolved hypotheses are retired plainly in the quarterly review. The wording on this page is canonical — Signals carry weekly status reads only; any earlier shorthand in archived issues defers here.
New here? Why hypotheses? → explains the discipline behind the set.
The set in motion — this week's read across the four layers.
Start with this week's Signal →